Heads of income - need a fast reply
This query is : Resolved
18 August 2012
can anyone please clarify my doubt under what head the income of an aop will be taxed ? is it under pgbp or other sources ? the only income of an aop is interest from bank & rental income.
please reply soon ..................
please reply soon ..................
19 August 2012
It will be income from other sources and if rent is from house property then under income from house property income
19 August 2012
Section 57 provides for deduction for expenses incurred to derive the income
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